In 1931, President Herbert Hoover was paid a salary of $75,000. Government statistics show a consumer price index of 15.2 for 1931 and 237 for 2015. President Hoover's 1931 salary was equivalent to a 2015 salary of а bout: a) $1,057,894. b) $16,080,001. c) $1,169,408. d) $4,965.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “In 1931, President Herbert Hoover was paid a salary of $75,000. Government statistics show a consumer price index of 15.2 for 1931 and 237 ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
What is an Exclusive Contract with a Real Estate Agent?
Answers (1)
Determine the gross profit using the periodic inventory system and the LIFO inventory method, assuming that 18 units were sold at a sales price of $14.
Answers (1)
Free-Flo Pipes & Plumbing Corporation is a private employer involved in an employment discrimination suit under the Civil Rights Act. Punitive damages may be recovered against Free-Flo only if the employer ... a. can easily afford to pay the amount.
Answers (1)
Carrie wants to go on her family reunion in four years. The cost of the cruise they are planning to take is $5,000.
Answers (1)
Excess capacity A) allows a facility to be very flexible and to respond to wide swings in the demands placed on it. B) costs money and therefore can decrease efficiency. C) requires proximity to customers and the rest of the network.
Answers (1)
New Questions in Business
To discover the extent to which economic status can be used to predict political preferences?
Answers (1)
In the current year, Mitchell Manufacturing expected Job No. 13 to cost $600,000 of overhead, $650,000 of materials, and $400,000 of labor. Mitchell applied overhead based on direct labor cost.
Answers (1)
Cullumber Company has issued three different bonds during 2019. Interest is payable annually on each of these bonds. 1. On January 1, 2019, 1,000, 6%, 5-year, $1,000 bonds dated January 1, 2019, were issued at face value. 2.
Answers (1)
All of the following are true regarding deferred revenues except: They are payments received in advance of services performed. The adjusting entry for deferred revenues increases assets and increases revenues.
Answers (1)
Exercise 16-05 a-b (Video) In Waterway Company, materials are entered at the beginning of each process.
Answers (1)